Masters Capital Management LLC reported 40 positions worth $703.07M for the quarter ended Jun 30, 2026, up 6.3% on the prior quarter. It opened 6 new positions, added to 10, trimmed 7 and exited 7. Its largest holding is Delta Air Lines, Inc. at 13.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| TEX Terex Corp | +200.0K | – | $14.48M | 2.06% |
| CE Celanese Corp | +300.0K | – | $13.80M | 1.96% |
| EMN Eastman Chemical Co | +200.0K | +100.0% | $13.40M | 3.81% |
| BSX Boston Scientific Corp | +250.0K | – | $10.67M | 1.52% |
| ALM Almonty Industries Inc. | +600.0K | – | $9.94M | 1.41% |
| SLB Slb Limited | +200.0K | – | $9.30M | 1.32% |
| EOSE Eos Energy Enterprises, Inc. | +1.20M | – | $7.06M | 1% |
| BETA BETA Technologies, Inc. | +328.2K | +46.9% | $5.50M | 2.45% |
| VYX NCR Voyix Corp | +500.0K | +14.3% | $4.09M | 4.65% |
| FLR Fluor Corp | +75.0K | +8.1% | $3.93M | 7.45% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MHK Mohawk Industries Inc | -400.0K | -80.0% | $48.53M | 1.73% |
| UPS United Parcel Service Inc | -200.0K | -40.0% | $21.50M | 4.59% |
| NOK Nokia Corp | -2.00M | -100.0% | $16.08M | Exited |
| HUN Huntsman CORP | -1.00M | -100.0% | $13.31M | Exited |
| DNLI Denali Therapeutics Inc. | -400.0K | -66.7% | $10.29M | 0.732% |
| CLF Cleveland-Cliffs Inc. | -1.20M | -100.0% | $10.14M | Exited |
| FSLY Fastly, Inc. | -300.0K | -100.0% | $8.72M | Exited |
| LYFT Lyft, Inc. | -500.0K | -100.0% | $6.65M | Exited |
| REAL TheRealReal, Inc. | -500.0K | -25.0% | $5.90M | 2.52% |
| DCH Dauch Corp | -500.0K | -14.3% | $2.71M | 2.31% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| NOK Nokia Corp | -2.00M | $16.08M | 2.43% |
| HUN Huntsman CORP | -1.00M | $13.31M | 2.01% |
| CLF Cleveland-Cliffs Inc. | -1.20M | $10.14M | 1.53% |
| FSLY Fastly, Inc. | -300.0K | $8.72M | 1.32% |
| LYFT Lyft, Inc. | -500.0K | $6.65M | 1.01% |
| MBLY Mobileye Global Inc. | -100.0K | $687.00K | 0.104% |
| NFE New Fortress Energy Inc. | -20.0K | $590.00K | 0.089% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | DAL Delta Air Lines, Inc. | Industrials | 1.00M | $93.66M | 13.32% | 0 | 0.0% | Unchanged | 0.15% |
| 2 | FLR Fluor Corp | Industrials | 1.00M | $52.39M | 7.45% | +75.0K | +8.1% | Added | 0.72% |
| 3 | ASTS AST SpaceMobile, Inc. | Communication Services | 500.0K | $44.43M | 6.32% | 0 | 0.0% | Unchanged | 0.17% |
| 4 | NOV NOV Inc. | Energy | 2.20M | $40.81M | 5.8% | +200.0K | +10.0% | Added | 0.61% |
| 5 | VYX NCR Voyix Corp | Technology | 4.00M | $32.68M | 4.65% | +500.0K | +14.3% | Added | 2.9% |
| 6 | UPS United Parcel Service Inc | Industrials | 300.0K | $32.25M | 4.59% | -200.0K | -40.0% | Reduced | 0.04% |
| 7 | LION Lionsgate Studios Corp. | Communication Services | 1.99M | $30.54M | 4.34% | 0 | 0.0% | Unchanged | 0.67% |
| 8 | BCS Barclays Plc | Financial Services | 1.00M | $26.86M | 3.82% | 0 | 0.0% | Unchanged | 0.03% |
| 9 | EMN Eastman Chemical Co | Basic Materials | 400.0K | $26.79M | 3.81% | +200.0K | +100.0% | Added | 0.35% |
| 10 | HRL Hormel Foods Corp | Consumer Staples | 1.00M | $24.82M | 3.53% | +150.0K | +17.6% | Added | 0.18% |
| 11 | FTK Flotek Industries Inc | Basic Materials | 1.00M | $23.52M | 3.35% | -89.4K | -8.2% | Reduced | 2.76% |
| 12 | BWAY Brainsway Ltd. | Healthcare | 1.50M | $23.27M | 3.31% | -150.0K | -9.1% | Reduced | 3.95% |
| 13 | REAL TheRealReal, Inc. | Consumer Discretionary | 1.50M | $17.69M | 2.52% | -500.0K | -25.0% | Reduced | 1.23% |
| 14 | BETA BETA Technologies, Inc. | Industrials | 1.03M | $17.22M | 2.45% | +328.2K | +46.9% | Added | 0.44% |
| 15 | DCH Dauch Corp | Consumer Discretionary | 3.00M | $16.26M | 2.31% | -500.0K | -14.3% | Reduced | 1.22% |
Tip. Select a row to see that position’s full history at Masters Capital Management.
As of its Q2 2026 13F filing, Masters Capital Management LLC’s five largest positions were Delta Air Lines, Inc. (DAL) at 13.3%, Fluor Corp (FLR) at 7.5%, AST SpaceMobile, Inc. (ASTS) at 6.3%, NOV Inc. (NOV) at 5.8%, NCR Voyix Corp (VYX) at 4.6% of the reported portfolio.
Masters Capital Management LLC reported a 13F portfolio worth $703.07M across 40 positions for Q2 2026. That is up 6.3% from the previous quarter.
Its largest purchases by value were Terex Corp ($14.48M), Celanese Corp ($13.80M), Eastman Chemical Co ($13.40M). It opened 6 new positions.
Its largest sales by value were Mohawk Industries Inc ($48.53M), United Parcel Service Inc ($21.50M), Nokia Corp ($16.08M). It exited 7 positions entirely.
From the Form 13F-HR reports Masters Capital Management LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.